The cryptocurrency atom has experienced significant volatility in a context of increasing concerns concerning the situation in the Middle East.
Israel launched a bombing campaign in Iran on Friday morning, stimulating a market -scale sale.
After dropping 9.25% of $ 4.43 to a minimum of $ 4.02, Atom found critical support around the level of $ 4.04 before stabilizing nearly $ 4.08.
While the atom and other altcoins faced the pressure during this cycle, Bitcoin positioned himself alongside gold as a potential refuge, increasing by 54% in the last 12 months to reach a market capitalization of $ 2.08 t.
Technical analysis
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Significant sales pressure occurred between 7:00 p.m. and 00: 00, the volume culminating at 2.8 m during 2:00 am, the price found the support almost $ 4.04.
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A recovery attempt emerged from 3:00 am, with a stabilizing price approximately $ 4.08, forming a potential support area between $ 4.04 and $ 4.07 confirmed by a volume above average.
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Atom crossed the resistance level of $ 4.08 with a substantial volume (37,524) at 13:31, followed by continuous momentum by pushing prices at $ 4.09.
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The volume of negotiations culminated during the candle 2:00 p.m. (73,628), confirming a strong interest of buyers at these levels.
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A new support zone has established between $ 4.08 and $ 4.09, suggesting the potential training of a short -term background.
